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INDIA TOP NEWS

Indian manufacturing PMI growth slows in May, inflationary pressures pick up

Activity in India's manufacturing sector grew at a weaker pace in May from the previous month, a business survey

showed on Friday, while inflationary pressures picked up again amid rising oil prices in another sign that an interest rate

hike is around the corner.

EXCLUSIVE-After deadly Indian smelter protests, arrests stoke tension

Eleven days after police in southern India fired on protesters seeking the shutdown of a copper smelter owned by

London-listed Vedanta, killing 13, residents say people suspected of involvement in the demonstrations are being

targeted in a wave of arrests.

Fortis weighs offers from Manipal, IHH in new bidding round

Fortis Healthcare said on Friday its board would look at a new round of bids from four local and international parties,

after shareholders opposed a previous board decision last month to accept an offer from a consortium.

Delhi's proposal to cap drug costs worries Indian hospitals industry

Indian authorities have proposed capping medical costs at private hospitals in the capital to help millions of people, but

the plan would deal a blow to the multi-billion-dollar healthcare sector already grappling with price control policies.

ICICI Bank says CEO Kochhar on planned leave

ICICI Bank Ltd said on Friday Chief Executive Officer Chanda Kochhar is on planned annual leave and denied a media

report that she was asked to go on leave until an independent board enquiry is concluded.

ANALYSIS-With ports, ships and promises, India asserts role in SE Asia

Almost lost in the din of the upcoming U.S-North Korea summit and fresh tension between Washington and Beijing last

week, India cemented its diplomatic and security ties across Southeast Asia in a clear challenge to China.

India urges global planemakers to 'Make in India'

India wants to encourage aircraft makers to manufacture in the country, starting with components and moving eventually

to complete aircraft, Aviation Minister Suresh Prabhu said on Sunday.

INSIGHT-As election looms, Modi's popularity wanes in rural India

Indian farmers voted overwhelmingly for Prime Minister Narendra Modi in the 2014 general election that swept him to

power. He cannot count on them doing so again, as a crash in commodity prices and surging fuel costs stoke anger in

the countryside.

GLOBAL TOP STORIES

Talks end with China warning trade benefits at risk if U.S. imposes tariffs

China warned the United States on Sunday that any agreements reached on trade and business between the two

countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of

talks in Beijing.

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N.Korea's top three military officials replaced, U.S. official says

North Korea's top three military officials have been removed from their posts, a senior U.S. official said on Sunday, as

U.S. President Donald Trump and North Korean leader Kim Jong Un prepare to meet on June 12 in Singapore.

Australia's Commonwealth Bank accepts record penalty in money-laundering case

Commonwealth Bank of Australia agreed to a record penalty of A$700 million to settle explosive money laundering

charges brought by Australia's financial intelligence agency.

STATE OF THE MARKETS

The SGX Nifty nearest-month futures were trading at 10,721.50, up 0.4 percent from its previous close.-NewsRise

The Indian rupee will likely open higher against the dollar as a buoyant U.S. jobs data spurs a rally in regional

currencies and equities.-NewsRise

Indian government bonds are likely to fall tracking gains in U.S. Treasury yields and on the central bank’s unexpected

auction of short term cash management bills.Investors may remain on the sidelines as the Monetary Policy Committee’s

three-day meeting starts today. The yield on the benchmark 7.17 percent bond maturing in 2028 is likely to trade in a

7.86 percent - 7.93 percent band today.-NewsRise

Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and

geopolitical tensions eased.

Asian shares rose to their highest level in two-and-a-half-weeks as strong U.S. jobs data offset worries that tariff wars

between the United States and the rest of the world could drag on global economic growth.

The dollar gained against the yen after the release of an upbeat U.S. jobs report, although uncertainty over potential

political risks kept the currency's near-term outlook murky.

U.S. Treasury yields rose on Friday after data showed the world's largest economy created more jobs than expected in

May, fueling expectations that the Federal Reserve could increase the pace of interest rate rises this year.

Brent crude oil futures dipped for a second session, with prices coming under pressure from record U.S. output and

expectations of higher OPEC supplies.

Gold prices steadied, after falling to the lowest in more than a week in the previous session, as expectations of an

interest rate hike this month offset support from worries about a trade war.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 67.17/67.20 June 1 -$30.30 mln -0.60 mln

10-yr bond yield 8.05 pct Month-to-date - -

Year-to-date - -$4.22 bln

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A cyclist poses for a photograph in front of an installation on World Bicycle Day in New Delhi, India, June 3. REUTERS/Amit Dave

PICTURE OF THE DAY